Scotch Whisky

Indian Malt Whisky Association signs pact with Scotch Whisky Association

The Indian Malt Whisky Association (IMWA) and the Scotch Whisky Association (SWA) have signed a cooperation agreement, which will focus on sustainability, protection and promotion of their respective products, and engagement on regulatory matters of mutual interest. As per a joint statement, the pact also provides for cooperation on legal protection, product authenticity, intellectual property infringements, and the promotion of responsible consumption. The India-UK Free Trade Agreement (FTA), which came into effect on July 15, 2026, is expected to boost Scotch whisky sales in India by reducing import duties from 150 per cent to 75 per cent, with a phased reduction to 40 per cent over the next decade. The trade pact could also open up opportunities for Indian single malt whiskies to gain a foothold in the UK market, with some brands having already received international recognition for their quality and craftsmanship. "With the FTA opening new avenues for bilateral trade, closer ..

Brown-Forman aims to make India a top 10 market for Scotch in five years

Brown-Forman, known for its iconic brands such as Jack Daniel's and Woodford Reserve, sees a scale of opportunity in the Indian Scotch market

India's Scotch probe of Diageo, Pernod undermines UK pact benefits: ISWAI

The liquor industry group representing Diageo and Pernod Ricard said that India's move to exclude bulk Scotch imports from the reduced tariff contradicts the trade pact

Tax dept probes Pernod, Diageo Scotch imports under UK trade pact

Tax officials are examining whether bulk Scotch imports qualify for lower duties under the India-UK pact, sources said. Pernod and Diageo said they were cooperating with authorities

India-UK trade pact: What changes for autos, whisky, textiles, steel

Here are the key takeaways from the India-UK trade deal, from lower tariffs on cars and Scotch whisky to duty-free textile access, social security relief for professionals and steel export safeguards

India likely to revise scotch whisky concession in UK trade agreement

New Delhi may rebalance commitments under the India-UK trade pact after Britain cut tariff-free steel import quotas and imposed fresh restrictions on shipments

Pernod hid Scotch composition, age to pay lower tariffs: Tax authorities

Pernod is seeking to quash a September decision by arguing that ​it was not given access to key pricing data in the investigation

Sanjay Dutt's The Glenwalk targets ₹200 crore revenue by March 2026

Premium Scotch brand co-founded by Sanjay Dutt aims to sell 2.4 lakh cases by March 31 and expand its portfolio with five new variants

Nomura bets on United Spirits as India's alcohol industry turns premium

In a note starting coverage on USL with a 'Buy' rating & target of ₹1,650, Nomura said the sector is seeing a paradigm change as consumers move away from 'drinking more' to 'drinking better'.

Tilaknagar Industries up 6% on foraying into premium whisky segment

Around 1:10 PM, Tilaknagar Industries shares were trading 3.49 per cent higher at ₹504.95 per share. In comparison, BSE Sensex was trading 0.46 per cent higher at 85,574.36 levels.

India set to become largest global scotch whisky market, says SWA chief

India is poised to become the largest global scotch whisky market in value and volume terms over the next few years, fuelled by competitive intensity, premiumisation and economic growth, Scotch Whisky Association Chief Executive Mark Kent CMG has said. Mark Kent also appreciated the rise of India's single malt whisky, saying the Scotch Whisky Association is looking for partnerships with them not only for export to the UK market but also to explore other global markets together. Noting the emergence of the Indian single malt category, some of which recently won several prestigious international accolades, the chief executive said he is going to speak with the Indian Malt Whiskey Association, as they share the same views on the importance of quality in manufacturing and working together. This is a significant opportunity for both the Indian and Scottish industries. There is an opportunity for Indian companies to boost exports of Indian single malt to the UK and forge partnerships for

FTA to boost bulk Scotch imports, benefit India's IMFL makers: SWA chief

Import of bulk Scotch will increase in India after signing of Free Trade Agreement with the UK, which will be used by IMFL makers and bottling in India, according to Scotch Whisky Association Chief Executive Mark Kent CMG. The FTA between India and the UK, which is awaiting ratification, will also see a variety of quality Scotch whisky coming into the country, especially from some of the smaller producers from Scotland, Mark Kent told PTI in an interview. "You will see more bulk whiskey coming into India as a result of the free trade agreement, both for bottling in India, and for incorporating into IMFL (India-Made Foreign Liquor)," he said. This is normal, because as the Indian market is growing year-on-year, the increasing demand will see greater quantities being imported, Mark Kent said. He is quite encouraged by the trend of premiumisation happening in India, the world's largest whisky market and is "optimistic" for the prospects of Scotch whisky here. India is the world's num

South India accounts for 58% of all-India whiskey sales in FY25: Report

South Indian states dominate the sales of IMFL, accounting for 58 per cent revenue in FY25, with Karnataka retaining the top national slot by contributing 17 per cent of the pan-India volumes in FY25, according to data from industry body CIABC. Five Southern states - Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, along with Union Territory Puducherry, have retained their dominance in the sales of the Indian-Made Foreign Liquor (IMFL), consuming 23.18 crore cases (jointly contributing 58 per cent sales) for the financial year ended on March 31, 2025. "South's dominance is near-absolute" in IMFL sales in FY25, with "the rest of India shares the remaining 42 per cent", said data sourced from the Confederation of Indian Alcoholic Beverage Companies (CIABC). However, on a pan-India level, sales volume of IMFL Whisky has declined 1.4 per cent year-on-year in FY25 to 40.17 crore cases. When asked, CIABC Director General Anant S Iyer said overall sales have been slow in FY25

Trump tariffs are uniting two whiskey heavyweights: Scotch and bourbon

Whiskey distillers say their industry is so intertwined that US tariffs will hurt producers on both sides of the Atlantic

India set to join top William Grant markets with Balvenie Fifty launch

India is a high priority market for the leading Scotch whisky and premium spirits maker William Grant & Sons, with potential to become one of its top five markets globally in the coming years, a top company official has said. The family-owned premium spirits company, which owns various brands, including Glenfiddich, Monkey Shoulder, Balvenie and Hendrick's Gin, entered India 10 years ago. And the growth in the country has been very promising, William Grant & Sons India Managing Director Sachin Mehta told PTI. The Scotland-based premium spirits maker has unveiled 'The Balvenie Fifty', a 50-year-old ultra-rare Speyside single malt scotch whisky in the Indian market. Only one bottle of The Balvenie Fifty First Edition' aged in a European oak refill cask, filled in 1973, has been made available in India, offering a unique opportunity for collectors and connoisseurs to own a piece of whisky history. When asked about its price, Mehta said: "Balvenie Fifty is probably going to be in .

India-UK FTA to make Scotch whiskies competitively priced: Pernod Ricard

The India-UK FTA will reduce Scotch import duties from 150% to 40% over 10 years, making premium spirits more affordable for Indian consumers

Diageo to cut Scotch prices in India as UK FTA halves import duties

Duties on UK-made whisky and gin will drop from 150% to 75%, and then to 40% over 10 years under India-UK Free Trade Agreement; Diageo to pass on savings

Indian distillers expect India-UK FTA duty cuts on scotch to boost growth

Indian premium whisky distillers expect that the duty concessions on Scotch imports under the India-UK free trade agreement will help improve their margins and speed up growth. A lower customs duty on bulk Scotch, used by many Indian Made Foreign Liquor (IMFL) companies for blending, will reduce costs and make premium spirits more affordable in the Indian market, which is the world's largest for whisky, they added. Under the trade pact, announced earlier this month, India will reduce duties on UK whisky and gin from 150 per cent to 75 per cent, and further to 40 per cent by the tenth year. Home-grown players like Radico Khaitan, Allied Blenders & Distillers (ABD), and John Distilleries said the move will give Indian consumers more choices and better access to high-quality spirits. Radico Khaitan, the largest importer of Scotch whisky for blending and which owns award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin, said the FTA has "significant potential" for cost ...

Scotch whiskey to get cheaper in India as import duty slashed under UK FTA

India-UK trade pact to halve Scotch whisky import duty to 75 per cent initially, then 40 per cent over 10 years; move expected to cut prices, boost exports, FDI, and premium brand access

India beating US, China's consumption rates of premium spirits: Researcher

India's rising affluent class is fuelling a surge in high-end spirits sales, with Scotch whisky and fine wines registering double-digit growth, outpacing consumption rates in the US and China, according to a Switzerland-based researcher. "One subcategory where India surpasses China and is growing at double the rate of the USA over a five-year CAGR is Scotch luxury whisky," Simon Joseph, a senior luxury brand builder and consumer experience expert based in Zurich, said. Joseph, a researcher with Glion Institute of Higher Education, said according to various data forecasts, the luxury Scotch whisky market is also growing at 16 per cent CAGR up to 2024-end. Scotch whisky exports to India grew at a compound annual growth rate of 66% up to 2022, outpacing the US, China, and other significant markets, Joseph said, citing data from the UK-based Scotch Whisky Association (SWA). According to the UK-based SWA data, the equivalent of 167 million bottles were exported to India in 2023, up 27%